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Presentation Disclaimer Certain statements in this presentation may constitute forward-looking statements. Such statements are subject to known and unknown risks and uncertainties that could cause the Companys actual results to differ


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  2. Disclaimer Certain statements in this presentation may constitute forward-looking statements. Such statements are subject to known and unknown risks and uncertainties that could cause the Company’s actual results to differ materially from those set forth in the forward-looking statements. These risks include changes in customer demand for the Company’s products, changes in raw material costs, seasonal fluctuations in customer orders, pricing actions by competitors, significant changes in the applicable rates of exchange of the Brazilian real against the US dollar, and general changes in the economic environment in Brazil, emerging markets or internationally. 2

  3. Agenda 01 | Corporate Overview and Strategy 02 | Forestry 03 | Paper 04 | Pulp 05 | Maranhão Unit 06 | Biotechnology 07 | Suzano Renewable Energy 08 | Financial Results 3

  4. Corporate Overview Suzano is a forestry-based company, publicly traded, controlled by Suzano Holding. Suzano operates in the pulp and paper businesses.  2 nd largest eucalyptus pulp producer in the Itaqui Port Transnordestina world “Carajás” Pecém Port Railroad  8 th largest market pulp producer in the world Maranhão  Pulp production costs: one of the lowest in Piauí “Norte e Sul” the world Railroad  Leader in the regional paper market Mucuri Forests  Certified plantations and products Miils Limeira Portocel Ports  Organic Growth in pulp Suzano Vitória Railroad Embu Rio Verde  New businesses: biotechnology and wood Santos pellets for energy  Market cap: R$3.2 billion on 3/31/12 Capital Structure (3/31/13) Free Float 43% Controlling Group 54% Treasury 4 3%

  5. Organizational Structure The Business Units model provides performance and return assessments in each business independently. Management Board of Directors (BD) Sustainability and Strategy 9 members (4 independent) Audit CEO and Strategy BD Commitees SP Operations Forestry BU Pulp BU Paper BU SP Corporate Dev. BU: Business Units SP Finance and IR SP Human Resources SP: Service Providers 5

  6. Products and Diversified Markets Suzano’s products portfolio is made of market pulp, paperboard, uncoated paper and coated paper. Net Revenue 52% Exports / 48% Domestic Market R$4.8 billion Market Pulp Paper 2 nd eucalyptus market pulp producer 60% 40% Paperboard Printing and Writing 2 nd in Brazil with 26% market share 44% 13% Uncoated Coated 1 st in Brazil with 35% market share 1 st in Brazil with 30% market share 8% 36% Note: Figures of last 12 months ending on 3/31/2012. Other paper represented 3% of net revenue on the period. 6 The market share data includes paper imports.

  7. Timeline Suzano has over 80 years of operation. 1924 a 1940 1950 1960 until 1990 2000 2024 Beginning of First investment in Growth and diversification in the Consolidation as one of the Suzano 2024 operations in the the pulp sector pulp and paper businesses largest Brazilian Groups paper industry 2008 Acquisition of Ripasa (50%) 2010 2007 Start up of Bahia Sul New Growth Cycle Acquisition of Beginning of paper Suzano mill exports to Europe Start up of the first paper mill 2004 2005 1982 1992 Pioneerism in Acquisition of eucalyptus plantation FuturaGene, PLC. 1960 1975 Merger with Leon Feffer starts Bahia Sul paper trading activities 1956 Suzano Renewable Start up of Line 2 at Mucuri Energy Launch of Report 1955 Acquisition of Indústrias de Papel Rio Verde’s control Adoption of Bovespa’s Level I 1939 corporate governance Acquisition of 50% standards and Professional of Conpacel and Management 1924 KSR. 7 7

  8. Strategy – Suzano 2024 Forestry competency provides the foundation for growth of the pulp business and enables new business opportunities in Biotechnology and Renewable Energy. Forestry Competency Operational Biotechnology Organic Renewable excellence growth Energy in pulp in paper (Wood pellets) 8

  9. Organic Growth in Pulp Suzano’s production capacity has increased by 130% in the last 6 years. The Company is prepared for a new growth cycle that will increase its capacity to 6.2 MM ton/year of pulp and paper by 2016. Piauí Unit Maranhão 6.210 Unit 4.710 4.710 4.710 4.920 3.210 3.210 2.850 2.850 2.750 3.420 3.420 3.420 1.920 1.920 1.920 1.720 1.485 1.750 1.750 1.650 1.240 820 640 570 456 1.290 1.290 1.290 1.290 1.290 1.290 1.100 1.100 1.100 1.100 1.080 915 784 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013e 2014e 2015e 2016e Paper Pulp 9 Note: Investment decision on Piauí Project expected for 1H14.

  10. Agenda 01 | Corporate Overview and Strategy 02 | Forestry 03 | Paper 04 | Pulp 05 | Maranhão Unit 06 | Biotechnology 07 | Suzano Renewable Energy 08 | Financial Results 10

  11. Forestry Assets Suzano’s forestry expertise, developed over years of consistent investments in R&D, allows the Company to expand its forestry assets to a new frontier: the northeast region of Brazil. 2012 Total area (k ha) 1 802 MA, PI and TO Total: 385 k ha 439 Total planted area (k ha) 2 Planted: 100 k ha Own planted area (k ha) 1 349 MA 90 Forest Partnership Program (k ha) PI 310 Own Preserved Area (k ha) 1 TO 73 Average Distance in Bahia (km) BA 237 Average Distance in São Paulo (km) BA, ES and MG MG Total: 228 k ha ES Planted: Base 12/31/2011 SP 1 Own and leased areas 131 k ha 2 Figures consider own, leased and third-parties areas 2011 SP Total: 188 k ha Annual planting (k ha) 87 Planted: 118 k ha 356 Planted seedlings / day (k) Note : Both own and leased land can suffer variation up to 5% quarter over quarter. The total amount 11 can differ due to rounding.

  12. Forestry Competitiveness Suzano’s innovation present in its DNA, responsible forest management and operational excellence enabled the leverage of competitiveness. Evolution of Maranhão Forests 80’s 90’s 00’s 10’s Investments in technology guarantee a highly diversified genetic portfolio, which is suitable for different regions + 14 thousand clones developed | 800 field trials | 4 thousand hectares + + Biotechnology Sustainability Productivity Genetic Forestry Operational enhancement management excellence 12

  13. Forestry Technology Nurseries with high technology standards guarantees production efficiency. Nurseries (85mm total seedling capacity)  Suzano’a pioneering and innovation enable the development of extensive genetic base and improvement of Suzano Limeira stewardship techniques Seedling Seedling capacity of capacity of  Highly qualified forestry technology 12mm 8mm team(42 researchers: 2 PhDs and 8 Masters Degrees) Mucuri Maranhão Technology Center Seedling Seedling capacity of capacity of 20mm 15mm Piauí Seedling capacity of 30mm Brazil’s most modern nursery Suzano/Futuragene technology center 13

  14. Forestry Competitiveness in Brazil Brazil presents competitive advantages to support continuous increase of its global forestry standing. Competitive Advantages Hardwood Productivity (m³/ha/year)  Availability of productive land 40  Excellent soil and climate conditions  Short harvesting cycle for planted forests 22 20 18 15  Opportunity to recovery degraded areas 12 6  Low establishments and maintenance costs Brazil Chile Australia South USA Finland Portugal Africa Source: ABRAF, BRACELPA, Poyry, Adapted by STCP Consulting Pulp Productivity  Biotechnology More wood / hectare 11 admt 1 /ha/year  More pulp / m³ 5.5 admt 1 /ha/year  Superior quality +100%  Smaller area 1980 2011  Decreasing costs / m³ Source: Suzano 1Admt: air dried metric ton 14

  15. Agenda 01 | Corporate Overview and Strategy 02 | Forestry 03 | Paper 04 | Pulp 05 | Maranhão Unit 06 | Biotechnology 07 | Suzano Renewable Energy 08 | Financial Results 15

  16. Paper Assets Operational excellence in paper: revenue and products portfolio management, asset optimization, and strengthening of distribution channels. Sales Volume (k ton) Sales Destination – LTM 1 11% North Am. 8% Europe 1.366 1.335 1.156 1.115 3% Others 535 532 513 524 831 17% 803 61% South/Central Am. Brazil 643 591 1 2009 2010 2011 LTM Domestic Market Exports Suzano Market Share in the Domestic Market – LTM 1  Leadership in printing & writing and white paperboard in South America Paper  More than 90% integrated production (pulp + paper)  Fx hedge: approximately 65% of paper revenue in local currency Paperboard Printing & Writing 2 nd in Brazil 26%  Lower price volatility in the domestic market  Paper merchants: Uncoated Coated 1 st in Brazil  KSR e SPP NEMO: largest in Latin America 1 st in Brazil 35% 30%  Stenfar: top 5 in Argentina 16 1 Last twelve months ending on 3/31/2012

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